FID, SPG, FID Secured Lending, Corporate Credit Financing - Executive Director
About The Position
Underwriting corporate credits including review of financials, diligence materials (commercial, legal, financial etc.), originator investment memos, QoE reports, etc. The candidate will distill this analysis into an MS internal investment memo to be presented to colleagues in both the 1L and the 2L. Preparation and review of credit applications/presentations; presenting to committees and getting approvals for new transactions Structuring and negotiating term sheets, loan agreements, fee letters, and other legal documents from origination to execution Working with clients and coverage groups on originating new transactions, the syndication team on distributing risk and the CLO team on accessing public securitization markets Conducting due diligence on the Last Out lender's process and investment materials Prepare ad hoc analysis as needed by senior management Reviewing complex assets within the DLF vertical and providing supervision for junior team members responsible for processing and managing more regular way asset approvals We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $225,000 and $300,000 per year at the commencement of employment for Executive Director. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Requirements
- 10+ years of corporate credit experience in an underwriting / origination capacity (working knowledge of securitized products across credit and/or other asset classes is a plus)
- Degree from competitive undergraduate/graduate program
- Knowledge of Lev Fin market standards across key terms including ability to review and opine on termsheets, credit agreements, covenant setting, and LME mitigating provisions
- Presentation-creation skills in both Powerpoint and Excel
- Clear business writing & communication skills
- Experience reading, understanding, and negotiating loan documents
- Ability to interpret financial statements / memos and to build appropriate base and downside cases based on appropriate assumptions
- Corporate valuation skills based on appropriate comp set, DCF analysis, yield to maturity analysis etc
Nice To Haves
- Previous experience managing junior employees is a positive
Responsibilities
- Underwriting corporate credits including review of financials, diligence materials (commercial, legal, financial etc.), originator investment memos, QoE reports, etc.
- Distill analysis into an MS internal investment memo to be presented to colleagues in both the 1L and the 2L.
- Preparation and review of credit applications/presentations; presenting to committees and getting approvals for new transactions
- Structuring and negotiating term sheets, loan agreements, fee letters, and other legal documents from origination to execution
- Working with clients and coverage groups on originating new transactions, the syndication team on distributing risk and the CLO team on accessing public securitization markets
- Conducting due diligence on the Last Out lender's process and investment materials
- Prepare ad hoc analysis as needed by senior management
- Reviewing complex assets within the DLF vertical and providing supervision for junior team members responsible for processing and managing more regular way asset approvals
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What This Job Offers
Job Type
Full-time
Career Level
Executive
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
